Rianlon Corporation’s Net Profit Dropped 36.8% in First Three Quarters of 2023

Rianlon Corporation (天津利安隆新材料股份有限公司) (300596.SZ) reported a net profit of 277.2 million yuan in the first three quarters of 2023, down 36.8% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49.5%.